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Economics

Market Wrap - Midday

AAP  |  FRIDAY, 5 AUG 2011
Australian shares remained around four per cent lower at noon as fears of a new global economic crisis gripped the local market.

Buy the fear

BENJAMIN ONG  |  FRIDAY, 5 AUG 2011
There's bad news all around but still there are reasons to be optimistic - or to be more precise, reasons to take a contrarian stance.

Market Wrap - Morning

AAP  |  FRIDAY, 5 AUG 2011
The Australian dollar dropped more than two US cents overnight as fears rise over the US economy and the European sovereign debt crisis deepens.

Market Wrap - Midday

AAP  |  THURSDAY, 4 AUG 2011
Australian shares were slightly higher at noon as they made up some of the ground lost on Wednesday, buoyed by a positive session on Wall Street.

Market Wrap - Morning

AAP  |  THURSDAY, 4 AUG 2011
The Australian market faces brighter prospects on Thursday, after Wall Street staged a modest rally overnight despite more disappointing data and continuing fears over debt in Europe.

Ready to turn on the tap

BENJAMIN ONG  |  THURSDAY, 4 AUG 2011
It could have easily been another down day on Wall Street overnight - but it wasn't.

Market Wrap

AAP  |  WEDNESDAY, 3 AUG 2011
Australian shares opened almost two per cent lower following a horror session on Wall Street, amid fears that the US may be slipping back into recession.

Market Wrap - Morning

AAP  |  WEDNESDAY, 3 AUG 2011
The Australian dollar was over one US cent lower on Wednesday after the central bank kept the cash rates on hold on Tuesday and the release of weak US economic data overnight.

S.O.S

BENJAMIN ONG  |  WEDNESDAY, 3 AUG 2011
It was only last night when the noises coming out of Washington over the debt ceiling subsided that equity markets realised that the economy havs stalled and now whispers, gossips and rumours of another recession is in the air.

Market Wrap - Midday

AAP  |  TUESDAY, 2 AUG 2011
Australian shares were down by 1.3 per cent at noon as weaker than expected building approval data released late Tuesday morning prompted shares to fall further from initial losses.